Joint Select Committee on Deficit Reduction Meeting

Douglas Elmendorf testified before the Joint Select Committee on Deficit Reduction. In his remarks he talked about the state of the…
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Douglas Elmendorf testified before the Joint Select Committee on Deficit Reduction. In his remarks he talked about the state of the economy and deficit spending, saying that larger short-term deficits might be required to assist economic growth. He urged the committee to develop a plan that was “sufficiently specific and widely supported” to boost confidence in the plan. He also talked about the European experience with austerity programs. close

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*The transcript for this program was compiled from uncorrected Closed Captioning.